The house price disease is spreading unchecked
ANALYSIS: Falling interest rates are welcome but the economy needs a more advanced prescription.
It does look like house price inflation is bad for us.
To be frank, the science of economics is still so primitive a central bank is like a 19th- century physician whose only remedy for any complaint is the application of leeches.
Our Reserve Bank’s jar of H. medicinalis for treating inflation is the official cash rate, a blunt instrument of crude
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